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Average price of new light vehicles in US hit high in 2016; driven up by trucks; cars moving in opposite direction

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The average price of a new light vehicle (including both cars and light trucks) was up to a record $31,790 in 2016, up from the most recent low of $28,243 in 2008. Twenty years ago, prices for cars and light trucks were similar, but car prices have steadily decreased while truck prices have increased. Source: DOE.

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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

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However, IHS Automotive analysts still expect light vehicle sales in China to grow by 7% in 2015 to 25.2 million units, aided with increased auto finance penetration, fast dealership expansion and government vehicle scrappage programs. —Lin Huaibin, manager, China light vehicle sales forecast, IHS Automotive.

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Canada aligns with US on light-duty vehicle GHGs, Tier 3 regulations and heavy-duty vehicle fuel efficiency

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The final Regulations Amending the Passenger Automobile and Light Truck Greenhouse Gas Emission Regulations for model year 2017 and beyond will be published in the Canada Gazette, Part II, on 8 October. The standards would be introduced with the 2017 model year and increase in stringency until fully implemented in the 2025 model year.

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Novatek and Total green-light $27-billion Arctic Yamal LNG project

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billion have already been financed by the shareholders. Start of commissioning works at the first liquefaction train is scheduled for 2016 with the planned commercial launch of the first LNG train in 2017. Overall capital expenditures of the Arctic Yamal project are now estimated at $26.9 billion, of which $2.6 million tons per year.

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Global Bioenergies receives €740K from OSEO to create a pre-industrial strain

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Global Bioenergies, an industrial biology company that develops sustainable routes to light olefins, announced a new €740,000 (US$952,000) financing from OSEO , a French SME-funding state agency, to support the creation of an isobutene production strain compatible with industrial pilot testing. Earlier post.).

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FCA US reaches settlements on diesel emissions at estimated cost of $800M

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FCA US will conduct an emissions recall to update emission control software in an estimated 100,000 model-year 2014-2016 Ram 1500 pickups and Jeep Grand Cherokee SUVs equipped with 3.0-liter —Mark Chernoby, FCA Head of North American Safety and Regulatory Compliance. liter EcoDiesel V-6 engines.

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Chrysler Group files S-1 for IPO; snapshot of R&D priorities; exploring a light-duty hydraulic hybrid

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However, the document not only provides a detailed look at the finances of the company, it also provides a quick recap of recent technology developments and some insight into the company’s immediate research priorities. Details of the offering—i.e., number of shares and price range—are yet to be determined.

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